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Showing posts from April 1, 2017

Owners protest low price of land acquired for CPEC April 2, 2017 MANSEHRA: The owners of land being acquired for various projects under the China-Pakistan Economic Corridor (CPEC) Saturday staged protest against what they  said low prices fixed for their land by the Revenue Department. The protesters blocked the Karakoram Highway (KKH) for an hour and threatened to close it for an indefinite period if the government didn’t accept their demands. The protest rally was taken out from Argoshal Chowk in Dodial and culminated at the China camp after marching through various roads. The protesters, who were holding banners and placards, raised slogans against local lawmakers, National Highway Authority and federal government. “We will never accept such a low price of our agriculture land fixed by local Revenue Department,” Faridoon Khan told the protesters

Fate of Gilgit Baltistan under CPEC BY  KHADIJA ZAHID GB demands for provincial autonomy and compensation for land acquisition     The protection of political institutions is critical in determining both political and economic status of GB. As a result, political empowerment is imperative for the economic development of the region   With the China Pakistan Economic Corridor (CPEC) progressing at full steam, the strategic significance of the region, in terms of trade and investment, has increased more than ever. The fate of Gilgit Baltistan is interlined with the Kashmir Issue in respect to the provision of constitutional rights and provincial autonomy. However, the current scenario is most likely to change because of the rising concerns of GB under the umbrella of CPEC. Two concerns, in particular, have been voiced by GB locals; one, the right to compensation for the acquisition of community land and two, constitutional rights. Hi

Pakistan welcomes CPEC’s endorsement by UNSC UNITED NATIONS: Pakistan has welcomed the UN Security Council’s endorsement of China Pakistan Economic Corridor (CPEC) and other projects under “One Belt, One Road” initiative calling it an evidence of global acceptance for country’s move towards regional peace and prosperity. In an interview with The News at UN Secretariat, Pakistan’s Ambassador and Permanent Representative to the United Nations Dr Maleeha Lodhi said that world community acknowledges Pakistan’s key role in the region. The UN Security Council has recently adopted a resolution to extend the mandate of the UN Assistance Mission in Afghanistan (UNAMA) by one year. The resolution mentioned and endorsed "One Belt, One Road" project that includes the China Pakistan Economic Corridor (CPEC) as a mean to achieve regional connectivity and prosperity. “If the Security Council endorses CPEC as factor for stability, obviously there is

Beijing doesn’t reveal budget for China-Pakistan Economic Corridor       The multi-billion dollar CPEC will connect Xinjiang in China’s west to the Gwadar port in Balochistan. (Reuters File) Updated: Apr 01, 2017 18:13 IST By Sutirtho Patranobis, Hindustan Times, Beijing The Chinese government has declined to reveal the budget for the ambitious China-Pakistan Economic Corridor (CPEC) economic corridor, saying that the finance model for it is market driven. The budget for the multi-billion dollar CPEC, a cluster of projects that would connect Xinjiang in China’s west to the Gwadar port in Balochistan, has been variously put between $46 billion and, more recently, at $51 billion; the $46 billion number has been used more liberally. The CPEC is a flagship project under President Xi Jinping’s Belt and Road Initiative (BRI) which aims to connect China with the rest of Asia and Europe by land and over sea through

Clarity on CPEC SAKIB SHERANI UPDATED 2 DAYS AGO The writer is a former economic adviser to government, and currently heads a macroeconomic consultancy based in Islamabad. OVER the past few months, greater transparency has led to more details emerging regarding some important aspects of the China-Pakistan Economic Corridor (CPEC). The transparency is much more institutionalised now, with at least two official and quasi-official websites dedicated to CPEC up and running, detailing the projects and their status. However, a lot of the required data and information is still available in a less structured fashion than desirable, with sketchy bits — which are sometimes contradictory — coming from the media. Nonetheless, what is available has allowed analysts and commentators to make more informed assessments of at least two areas that have previously been flagged as being of concern: the impact of CPEC’s foreign exchange liabilities on Pakistan’s balance of payments,